India's richest people, Mukesh Ambani is No 1

India ranks fifth in the global rich list with 89 billionaires, of which 70 currently live in India while the rest have migrated to other countries, says Hurun Global Rich List 2014. 

The cumulative worth of Indian billionaires is Rs 17,33,400 crore (Rs 17.3 trillion). The average net worth of India’s richest is Rs 18,600 crore (Rs 186 billion), Rs 6,200 crore (Rs 62 billion) less than the global average.

An interesting fact is that 60 per cent of India’s billionaires are self made. Billionaires in the pharma sector were the biggest gainers.

The average age of the India’s billionaires at 65 is one year older than the average age of the global billionaires.

Mumbai is home to the most number of billionaires with 33 of the nine zero club residing there, followed by 15 from Delhi and 4 from Bangalore, says Hurun Global Rich List.

Click NEXT to find out more about India’s richest people in business…

Mukesh Ambani

Rank: 1

Net Worth: Rs 1,11,800 crore

Percentage change in USD net worth: -12.2%

Despite a relatively bad year with the company’s stock falling 5 per cent combined with rupee depreciating, Reliance Industries chairman Mukesh Ambani continues to be richest person in India, says Hurun List.

Compared to last year, his wealth came down by Rs 18,600 cr. His position in the Hurun Global Rich List dropped 14 positions from 27 to 41.

(Wealth calculations as of 17 January 2014)

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Lakshmi N Mittal

Rank: 2

Net Worth: Rs 1,05,600 crore

Percentage change in USD net worth: - 5.6% 

Lakshmi N Mittal retains his number two position this year. He slipped 13 positions and is currently the 49th richest person in the world.

His stock in ArcelorMittal dropped 6 per cent bringing down his wealth by Rs 6,200 crore (Rs 62 billion).

Lakshmi Mittal is one of the few billionaires who is featured on the top three positions of two separate country rich lists - United Kingdom and India. 

…

Dilip Shanghvi

Rank: 3

Net Worth: Rs 83,900 crore 

Percentage change in USD net worth: 53.4%

Dilip Sanghvi had a good year with company’s stocks rising by 52 per cent. His wealth saw an increase of Rs 31,100 crore (Rs 311 billion) making him the third richest in India.

He is among the biggest gainers of 2014.

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Azim Premji

Rank: 3

Net Worth: Rs 83,900 crore 

Percentage change in USD net worth: 28.6%

Azim Premji shares the third position with Dilip Shanghvi.

Premji transformed a $2 million hydrogenated cooking oil company into the $7.3 billion revenue IT, BPO and R&D Services organisation with a presence in 54 countries.  

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Pallonji Mistry             

Rank: 5

Net Worth: Rs 74,600 crore

Percentage change in USD net worth: 53.8%

Chairman of Shapoorji Pallonji Group, Pallonji Mistry’s saw a huge rise in wealth this year.

Shapoorji Pallonji Group owns Shapoorji Pallonji Construction, Forbes Textiles and Eureka Forbes Limited.                

Pallonji Mistry’s son Cyrus Mistry is Chairman of Tata Group.

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SP Hinduja & family                

Rank: 5

Net Worth: Rs 74,600 crore

Percentage change in USD net worth: -7.7%

SP Hinduja & family saw a loss in net worth this year.

Hinduja Group Chairman Srichand P Hinduja, along with brothers Gopichand, Prakash and Ashok run the Hinduja Group of Companies.

Srichand P Hinduja is the eldest son of Parmanand Deepchand Hinduja, the founder of the Hinduja Group.

Gopichand P Hinduja is the Co-Chairman of the Hinduja Group of Companies. Prakash P Hinduja is the Chairman of the Hinduja Group of Companies in Europe.

The youngest brother Ashok P Hinduja is Chairman, Hinduja Group of Companies (India).                   

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Shiv Nadar

Rank: 6

Net Worth: Rs 68,300 crore

Percentage change in USD net worth: 71.9% 

The biggest gainers amongst Indians include Shiv Nadar, who added Rs 31,100 crore (Rs 311 billion) to his wealth from 2013. 

Under the leadership of Shiv Nadar, HCL has evolved into a $6.3-billion global enterprise with over 100,000 professionals.

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Kumar Mangalam Birla

Rank: 8

Net Worth: Rs 47,200 crore

Percentage change in USD net worth: 0% 

There has been no change in Kumar Mangalam Birla’s wealth this year.

Kumar Mangalam Birla was instrumental in raising the group's turnover from $2 billion in 1995, to $40 billion today. 

Birla has restructured the businesses to emerge as a leader in the sectors. 

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Sunil Mittal & family                                        

Rank: 9

Net Worth: Rs 42,200 crore

Percentage change in USD net worth: -16% 

Under Sunil Mittal’s leadership, Bharti Enterprises has emerged as one of India’s leading business groups with interests in telecom, retail, realty, financial services and agri-products. 

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Anil Ambani                                        

Rank: 10

Net Worth: Rs 39,800 crore

Percentage change in USD net worth: 12.3% 

Anil Ambani has seen his wealth rise by 12.3%.

Anil Ambani is now chairman of Anil Dhirubhai Ambani Group (ADAG).

The company was formed after the Reliance empire was split following a bitter battle between the Anil and Mukesh Ambani. 

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Dr Cyrus S Poonawalla                                               

Rank: 11

Net Worth: Rs 34,800 crore

Percentage change in USD net worth: 124.0% 

Cyrus Poonawalla, chairman of Poonawalla Group which includes Serum Institute, one of the world's largest makers of pediatric vaccines. 

Poonawala’s privately held Serum Institute generates profits of over Rs 1,700 crore (Rs 17 billion) annually and sells world’s cheapest vaccines.

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Savitri Jindal & family                                      

Rank: 12

Net Worth: Rs 32,900 crore

Percentage change in USD net worth: -15.9% 

Savitri Jindal is the richest businesswoman in India. 

She is the non-executive chairperson of O P Jindal Group, and member of the Haryana Legislative Assembly. 

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Micky Jagtiani                                     

Rank: 13

Net Worth: Rs 32,300 crore

Percentage change in USD net worth: 26.8% 

Micky Jagtiani is the man behind Landmark Group's success.

Founded in 1973 in Bahrain, the Landmark Group has grown into one of the largest retail organisations in the Middle East and India.

David Reuben & Simon Reuben

With a net worth of Rs 31,100 crore, (Rs 311 billion) David Reuben & Simon Reuben, who migrated to UK from India share the 14th rank in the India Rich List.                

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Uday Kotak                                        

Rank: 16

Net Worth: Rs 28,000 crore

Percentage change in USD net worth: 4.7%

Uday Kotak is the founder, vice-chairman and managing director of Kotak Mahindra Bank.  

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Jamshyd Godrej                                              

Rank: 17

Net Worth: Rs 26,100 crore

Percentage change in USD net worth: 50.0% 

Jamshyd N Godrej is the Chairman and Managing Director of Godrej & Boyce Manufacturing Company Limited, the holding company of the Godrej group.

The Godrej group manufactures home appliances, consumer durables, office equipment, industrial products, consumer products and services. 

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Adi Godrej                                          

Rank: 17

Net Worth: Rs 26,100 crore

Percentage change in USD net worth: -39.1% 

Adi Godrej lost 39.1 per cent of his net worth in one year. 

An inspiring business leader, Adi Godrej is known for modernising and revamping his family business into one of India’s largest conglomerates. 

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Kushal Pal Singh

Rank: 19

Net Worth: 24,900

Percentage change in USD net worth: -39.4%

Kushal Pal Singh is the chairman of DLF, one of India's leading real estate companies.

KP Singh saw the biggest loss of wealth having lost Rs 18,600 crore (Rs 186 billion) owing to a 48 per cent drop in DLF’s stock prices.

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Brijmohan Lall Munjal & family                                           

Rank: 20

Net Worth: Rs 23,600 crore

Percentage change in USD net worth: 5.6%

Brijmohan Lall Munjal is the oldest Indian billionaire at 91 years and ranked 437th in the world. 

Brijmohan Lall Munjal is the Founder Director and Chairman of the $3.2 billion Hero Group.